How long time can a loan run for?

This depends on what securities are covering the actual loan and what loan type you have selected. 

But in general, a loan can run for as long as your company need it, as long as new invoices are added as security for the loan.

Quick loan
With Quick loan you borrow against your company's accounts receivables (all existing and future invoices). When one invoice becomes due it ceases to be a valid security, but as long as new valid invoices is created in your invoicing system, these will be automatically added as security for the loan. With this, a loan can run as long as needed.

Customized loan
If you borrow against a specific invoice, the loan will become due at the same time as the invoice. In order to retain your loan, you simply have to renew the security by adding a new valid invoice as security. This is all extremely simple and hassel free.

 

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